Asure Software (NASDAQ:ASUR) Earns "Outperform" Rating from Barrington Research

Key Points

• Barrington Research has reiterated its "outperform" rating for Asure Software (NASDAQ:ASUR) with a target price of $15.00, suggesting a potential upside of 84.96% from its previous close.
• While Barrington maintains a bullish outlook, Needham & Company has lowered its target price from $20.00 to $15.00, although it also rates the stock as a "buy."
• Insiders, including CEO Patrick Goepel, have recently made significant purchases of Asure shares, indicating confidence in the company's prospects.

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $15.00 target price on the technology company's stock. Barrington Research's price objective would indicate a potential upside of 84.96% from the stock's previous close.

Separately, Needham & Company LLC reduced their price target on Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Asure Software presently has an average rating of "Buy" and an average target price of $13.60.

Asure Software Stock Up 0.2%

ASUR traded up $0.02 on Tuesday, hitting $8.11. 8,383 shares of the company were exchanged, compared to its average volume of 93,505. The company has a market cap of $222.38 million, a price-to-earnings ratio of -14.06, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $9.39. Asure Software has a twelve month low of $7.51 and a twelve month high of $12.74.

Insiders Place Their Bets

In other news, CEO Patrick Goepel bought 5,250 shares of the stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of $8.16 per share, for a total transaction of $42,840.00. Following the completion of the acquisition, the chief executive officer directly owned 1,307,622 shares in the company, valued at approximately $10,670,195.52. This trade represents a 0.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Carl Drew bought 25,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average cost of $8.30 per share, for a total transaction of $207,500.00. Following the completion of the purchase, the director directly owned 103,165 shares of the company's stock, valued at $856,269.50. This represents a 31.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.70% of the stock is owned by insiders.

Institutional Trading of Asure Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Resource Council purchased a new position in shares of Asure Software during the first quarter valued at $1,864,000. Wasatch Advisors LP increased its position in shares of Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company's stock valued at $7,515,000 after buying an additional 126,450 shares in the last quarter. Royce & Associates LP increased its position in shares of Asure Software by 60.4% during the first quarter. Royce & Associates LP now owns 276,670 shares of the technology company's stock worth $2,642,000 after purchasing an additional 104,170 shares in the last quarter. Nuveen LLC purchased a new position in shares of Asure Software during the 1st quarter worth $709,000. Finally, Inspire Investing LLC acquired a new position in Asure Software during the 1st quarter worth about $703,000. Hedge funds and other institutional investors own 71.58% of the company's stock.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.

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